Family-owned builder and developer <a href="https://www.apartments.com.au/developers/omaya">Omaya</a> is bringing its 27-storey The Maybelle development to market, with the 229-apartment tower rising alongside Ismay Reserve near North Strathfield.

<a href="https://www.apartments.com.au/new-apartments/the-maybelle-21-parramatta-road-homebush-nsw-2140">The Maybelle</a> will comprise one, two and three-bedroom apartments, with its height providing elevated outlooks towards the Sydney skyline and Harbour Bridge, while other residences will look across neighbouring Ismay Reserve.

Designed by <a href="https://www.apartments.com.au/architects/squillace-architects">Squillace Architects</a>, the tower combines its parkside setting with proximity to the established retail, dining and transport amenity around North Strathfield.

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Residences will feature open-plan living spaces and a choice of two interior schemes, while communal amenity is spread across two elevated levels of the building.

Level 8 will be home to the Garden Pavilion, a full-floor resident space incorporating communal entertaining and breakout areas, seating and recreation spaces. Further up the tower, a landscaped Sky Terrace on Level 14 will provide another communal area with panoramic views towards the Harbour Bridge and Sydney skyline.

At ground level, the development sits directly alongside Ismay Reserve, where lawns, walking paths, children's play areas, picnic spaces and recreational facilities extend the green space available immediately around the project.

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The Maybelle is also within walking distance of North Strathfield and the Bakehouse Quarter, which provides a mix of cafés, restaurants, shops and everyday services.

Existing rail and bus services provide connections across Sydney, while the future North Strathfield Metro and access to the M4 will add to the transport options available around the precinct. Walking and cycling routes also extend via Powells Creek towards Sydney Olympic Park and its sporting, entertainment and parkland precincts.

Families are also well positioned for access to a broad selection of established schools and education options across Strathfield and the surrounding Inner West.

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Omaya has operated in Sydney for more than 35 years, managing projects from acquisition and design through to construction and delivery. The family-owned company is both developer and builder of The Maybelle.

Apartments start from $560,000, with the development protected by 10-year Latent Defects Insurance.

Construction is well underway, with completion expected by the end of 2026 and move-in anticipated from Q1 2027.

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Joel Robinson

The Maybelle brings 27-storey parkside tower to market near North Strathfield

Melbourne developer <a href="https://www.apartments.com.au/developers/pdg-corporation">PDG</a> has unveiled its vision for the former Water Tank Site in Ivanhoe, which would see it transformed into a thriving residential neighbourhood, complete with a 2000 sqm public park.&nbsp;

Delivered in partnership with <a href="https://www.apartments.com.au/developers/development-victoria">Development Victoria</a>, the proposal would transform the prominent corner of Bell Street and Upper Heidelberg Road into a connected community comprising two residential buildings, generous public open space and shared amenities.&nbsp;

The vision includes 287 one, two and three-bedroom apartments, with a minimum of 10 per cent allocated to affordable housing, alongside a 2,000-square-metre publicly accessible park featuring a children's playground, activity lawn, indigenous planting, timber climbing logs, seating areas and a rock gathering circle.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a>, the proposal draws on the site's industrial heritage, using a robust architectural language that references the former water tank through expressive structural elements and durable, self-finished materials.&nbsp;

Extensive landscaping has been woven throughout the development, creating a living landscape that strengthens connections to nature while responding sensitively to the surrounding neighbourhood. Two residential buildings ranging from three to 12 storeys are linked by a landscaped forecourt, creating a welcoming arrival experience and improving pedestrian connections through the site.&nbsp;

Residents would also enjoy more than 1,000 square metres of communal open space, including barbecue and dining facilities, vegetable gardens, landscaped seating pavilions and a dedicated coworking space.&nbsp;

PDG Founder and Managing Director Vince Giuliano said the vision reflected an opportunity to transform one of Ivanhoe's most recognisable sites into a place that balanced housing, community and landscape.&nbsp;

"This is an opportunity to reimagine an important site and create a neighbourhood that delivers lasting benefits for Ivanhoe," Giuliano said.&nbsp;

"We're creating much more than new homes. The vision brings together affordable housing, quality architecture, meaningful public open space and shared places that encourage people to connect, while respecting the site's history and its place within the local community."&nbsp;

Development Victoria’s Executive General Manager Precincts, Niall Cunningham, said the application is an important step for the government-owned site.&nbsp;

“This is about delivering more homes in a well-connected location, along with public open space that the Ivanhoe community will benefit from for years to come,” Cunningham said.&nbsp;

PDG was selected as development partner in late 2025 following a competitive tender process.&nbsp;

A planning submission for the project is currently being progressed through the Victorian Government's Development Facilitation Program, with positive early engagement from both Banyule Council and the Department of Transport and Planning.

PDG unveils plans to transform landmark Ivanhoe Water Tank Site

Shane Wilkinson's <a href="https://www.apartments.com.au/developers/pace-development-group">Pace Development Group</a> has lodged plans for a major residential precinct on the former Presentation College site in Windsor, with an eight-building masterplan ultimately rising to 10 storeys.

The proposal at <a href="https://www.apartments.com.au/new-apartments/167-dandenong-road-windsor-vic-3181">167–187 Dandenong Road</a> spans a substantial 19,027 sqm site and is being progressed across six stages, with the first residential stages comprising 170 homes across four buildings designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>.

Stage Two will deliver the bulk of the initial housing, with Building A comprising 81 apartments and Building B 49 apartments, both rising to six storeys.

Stage Three will deliver a further 40 homes. The heritage Nagel Building, identified as Building C, will be converted to 12 dwellings, while a new five-storey Building D will comprise 28 apartments at the Hornby Street and Dandenong Road corner.

The 170 homes across Stages Two and Three will include a mix of one, two and three-bedroom apartments, including townhouse-style dwellings.<img alt="First look: Pace plans landscaped housing precinct on former Windsor school site" data-entity-type="file" data-entity-uuid="83c56e3e-dfb9-4e12-b172-c3f18513ec32" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_9.png?VersionId=xRcRpSZsxX.UX_NDDGcRZktw7HVrzx7u" />

&nbsp;

The longer-term masterplan points to considerably greater density across the site.

Indicative plans show Building E accommodating around 80 dwellings across up to 10 storeys, while Building F is earmarked for around 120 dwellings and also up to 10 storeys. Building G is planned to range between four and 10 storeys, however its apartment yield is yet to be determined. That means the masterplan currently identifies at least 370 dwellings across Buildings A to F before any apartments within Building G are counted.

Across the 1.9-hectare site, that represents an indicative density of at least 194 dwellings per hectare, with the final figure to increase once the yield of Building G is established.

Pace is pursuing the project through the Victorian Government's Development Facilitation Program, with Urbis lodging a combined Section 96A planning scheme amendment and planning application on behalf of the developer, which secured the site earlier this year.

The application seeks detailed approval for Stages One, Two and Three, alongside approval of the broader masterplan framework that will guide the later residential stages. Stage One will see an existing heritage building adaptively reused for a wellness and fitness-related facility, while the broader precinct will retain several significant heritage buildings and established trees as part of the redevelopment.

A minimum 10 per cent affordable housing contribution is proposed across both the initial residential stages and the later masterplan stages, delivered through a discounted rental model.

The project comes immediately after a major change to the site's planning controls.

The site was rezoned to the Housing Choice and Transport Zone through Planning Scheme Amendment GC285, gazetted on July 22, 2026, and now sits within the inner catchment of the Windsor Station precinct under the State Government's Train and Tram Zone Activity Centres Program.

While the new controls identify large sites within the inner catchment for buildings of up to six storeys, Pace's masterplan pushes height to 10 storeys in parts of the site, with the taller buildings concentrated toward the centre and along the Sandringham railway corridor.

Lower-scale built form is proposed toward the site's more sensitive residential and heritage edges, with Buildings A and B generally stepping from three storeys at their interfaces to six storeys at upper levels.

Cera Stribley's masterplan breaks the development into a collection of separate buildings rather than a continuous built form, with landscaped spaces, new pedestrian links and a new publicly accessible road forming part of the precinct.

The planning report says the development will create new pedestrian connections to Elm Place and along the railway corridor, as well as a new publicly accessible road linking Elm Place with Dandenong Road. The proposed buildings will occupy around 54 per cent of the site, leaving a substantial portion available for landscaping, communal areas and permeable surfaces.

Urbis said the scale of the project reflected the site's strategic location close to Windsor Station, tram services and the Chapel Street Activity Centre, with the former school campus identified as a significant opportunity to increase housing supply on an underutilised inner-Melbourne site.

&nbsp;

First look: Pace plans landscaped housing precinct on former Windsor school site

<a href="https://www.apartments.com.au/developers/jl-place">JL PLACE</a>'s Veil Brighton is approaching its final months of construction, with the nine-townhouse development at 17 Rooding Street expected to complete in December 2026.

The milestone is bringing the boutique project closer to becoming a finished part of the <a href="https://www.apartments.com.au/developments/brighton-vic-3186">Brighton</a> streetscape, with much of Brighton's everyday amenity within a short walk.

Palace Cinema, Coles Supermarket and North Brighton Station are all around five minutes on foot from <a href="https://www.apartments.com.au/new-townhouses/veil-brighton-17-rooding-street-brighton-vic-3186">Veil</a>, alongside numerous cafés, restaurants and bars. The station provides a direct rail connection toward Melbourne's CBD, while Bay Street and the wider Brighton retail and dining network add to the range of services accessible without relying on a car for every trip.

"The location was fundamental to the project. Brighton is an established suburb where many buyers already have strong connections to the area and want to remain close to the people, places and amenities that form part of their everyday life," the developer said.

"Veil sits in a highly walkable part of Brighton, with a Walk Score of 90/100."

For buyers looking to right-size within Bayside, that level of walkability adds to the appeal of a more manageable way of living. Everyday shopping, dining, entertainment and public transport can be accessed without relying on the car for every trip, while residents remain connected to the places and routines that make Brighton familiar. It allows buyers to simplify day-to-day life without giving up the convenience, amenity and connections they already value.

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As completion approaches, the architecture, landscaping and material palette are progressively becoming visible on site, giving prospective purchasers a clearer view of the finished development beyond its plans and renders.

Veil comprises nine townhouses, predominantly three-bedroom homes with between 2.5 and 3.5 bathrooms, two car spaces and, depending on the residence, study areas and private outdoor space. Selected homes include a bedroom on the ground floor.

Veil occupies a middle ground between detached housing and apartment living, retaining private gardens, storage and secure parking within a more manageable residential format.

<a href="https://www.apartments.com.au/architects/schmidt-pang-architects">Schmidt &amp; Pang</a> designed the architecture around natural light, ventilation, privacy and practical use of space. From Rooding Street, the façade has been composed to read as a cohesive residential building rather than nine individual townhouses, with landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a> integrated throughout the site.

Inside, natural stone, oak flooring, integrated joinery and brushed nickel finishes establish a restrained material palette, while kitchens include Miele appliances and substantial storage such as pantries. Walk-in robes and dedicated study spaces have also been incorporated across the collection.

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The project team said the planning of the homes has been informed by how the spaces function for both daily routines and larger gatherings.

"Our new homes owners at Veil have enjoyed the attention to detail in creating efficient layouts that use every space well. Hosting Christmas lunch and large family gatherings is an ease when care is taken to consider how people really live and entertain."

Private landscaped gardens extend the living spaces outdoors, while secure basement parking and bicycle parking are provided below. The homes have also been designed to achieve a 7-star energy rating, supported by double glazing, high-quality insulation, natural ventilation, LED lighting, water tanks and water-efficient fittings. Each residence is backed by a 10-year building guarantee.

Veil is being built by <a href="https://www.apartments.com.au/builders/jeniton">Jeniton</a>.&nbsp;Limited-time stamp duty savings are also currently available on selected purchases at Veil, adding another consideration as the project moves toward completion.

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Veil Brighton nears completion in one of the suburb's most walkable pockets

<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic Property Group</a> has recorded 134 sales worth just over $400 million in two months of pre-release activity at The Riversdale, as the developer brings its $750 million South Brisbane riverfront project to the broader market.

The sales represent more than 60 per cent of the project's 213 apartments, with Mosaic reporting the majority of purchasers have been local owner-occupiers and downsizers.

<a href="https://www.apartments.com.au/new-apartments/the-riversdale-by-mosaic-south-brisbane-91-montague-road-south-brisbane-qld-4101">The Riversdale</a> will rise 39 storeys from its north-facing site at 91 Montague Road, delivering a mix of two, three and four-bedroom apartments alongside a collection of Mosaic's premium Masterpiece Series Sky Homes.

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The early buyer response comes ahead of the wider evolution of the northern end of Montague Road, where The Riversdale will be one of the first major residential projects delivered within an emerging riverfront precinct.

Directly adjoining the development is a planned 7.1-hectare mixed-use precinct, set to introduce new residences, parkland and public realm along the river's edge. The Riversdale's position directly on the Brisbane River gives it a relationship with the waterfront that Mosaic says cannot be replicated by future buildings within the precinct.

The site is also the result of a years-long pursuit by Mosaic. The developer first earmarked the <a href="https://www.apartments.com.au/developments/south-brisbane-qld-4101">South Brisbane</a> property in 2018, reflecting what Founder and Managing Director Brook Monahan has described as a deliberately patient approach to acquiring development sites.

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"We aren't opportunistic," Monahan previously told Apartments.com.au.

"Every site purchase is carefully considered. As seen with Kangaroo Point and South Brisbane, it can take years to eventuate. There are sites we're looking at now that we may not secure for several years."

Designed in collaboration with <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau Proberts</a>, The Riversdale has been shaped around the qualities of the riverfront site, with apartments oriented to capture northern light and uninterrupted Brisbane River views.

Generous floorplans and expansive balconies extend the living spaces towards the river, while natural materials and a restrained interior palette have been selected with longevity in mind.

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Residents will have access to a level of amenity more commonly associated with world-class hotels and private members' clubs, with almost 3,000 sqm dedicated to wellness, connection, recreation and everyday convenience.

At ground level is a business lounge, private meeting rooms and dedicated workspaces. Mid-tower is a wellness sanctuary featuring magnesium hot and cold plunge pools, sauna, steam room, infrared therapy facilities, a Pilates and yoga studio, and a commercial-grade gymnasium.

Crowning The Riversdale is a rooftop featuring a 35-metre swimming pool with lap lane and spa, outdoor dining and seating terraces, firepit lounges and views of the city, river and Mount Coot-tha.

A private members' club-inspired retreat offers private dining rooms, a whisky lounge, media rooms and immersive entertainment experiences. Completing the amenity offering are two hotel-style guest suites and a resident-exclusive electric vehicle fleet and car-share program.

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The Riversdale sits at the northern end of Montague Road between South Bank and West End, around 1.3 kilometres from the Brisbane CBD, providing access to the city's major cultural, dining and recreation precincts.

It becomes Mosaic's largest Brisbane project to date and adds to a pipeline already under construction across the city.

In Brisbane, the developer is currently delivering The Bedford and The Carter at Kangaroo Point, both of which are approaching sell-out, with a further four projects being delivered on the Gold Coast. Mosaic has completed more than $2 billion in projects since 2012 and has a further development pipeline exceeding $2 billion across South East Queensland.

Early works are underway at The Riversdale, which will be delivered by Mosaic's in-house construction division. Completion is anticipated in late 2029, with remaining apartments priced from $1.98 million.

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Mosaic records more than $400m in two months at South Brisbane's The Riversdale

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

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The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

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Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

Find out how to get iCIRT rated <a href="https://www.icirt.com/sites/default/files/2025-08/iCIRT-Infographic-Assessment-Process-Final.pdf">here</a>.

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

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A new type of apartment - known as transition apartments – have been created in North Sydney to tempt empty nesters and baby boomers from their larger family homes.
Designed by Smart Design Studio, the apartments are part of  <a target="_blank" href="https://www.theheritagenorthsydney.com.au/">The Heritage</a> development by Moore Development Group in North Sydney’s Walker Street.
The apartments, ranging in size from 148 square metres to 182 square metres, feature their own lobby and exclusive lift access.
The development will feature 23 three- and four-bedroom apartments and penthouse apartments and prices start from $1.425 million.
“Empty nesters want to escape the maintenance chores of a house, and they like the idea of moving into a lively location, but most baulk at the thought ot multi-unit complexes where noise can be an issue and privacy can be compromise,” says Nick Rickard, general manger of Moore Development Group.
“We are offering people a compromise to make their transition from a family home into strata living as seamless as possible.
“Going from being ‘Lord of the Manor’ into a strata development where other people have an equal say in the way things are run is a major issue for many peoples,” says Rickard.
The first stage of 18 apartments has been released and 17 have already sold.
The apartments feature high ceilings, floor to ceiling windows, travertine floors and timber veneer joinery.
The security lift at The Heritage only stops at an authorized floor, opening onto a private lobby, which then leads onto the living spaces of the apartments.
“There is only one common wall so noise is not a problem,” says Rickard.
“Privacy is enhanced, security is cutting-edge and each ‘transition apartment’ has practical entertainment spaces every bit as opulent as a house, as well as storage cages on one dedicated level,” says Rickard.
“Downsizers are used to having space, and the additional bedrooms allow other family members to come and go as they need,” says Colin Griffin of CBRE Residential.
“North Sydney is convenient location for friends to visit and you’re very close to the CBD,” says Griffin.
Residents will have access to a rooftop terrace with BBQ facilities.
The median apartment price in <a target="_blank" href="/news">North Sydney</a> is $550,000, according to RP Data.
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Transition apartments to tempt Sydney north shore empty nesters

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Darwin has the highest private treaty median house price for the month ending July 28 at $630,000 from 21 sales, according to RP Data.
Sydney follows with a median private treaty house price of $606,250 from 2,526 sales.
Sydney has the highest private treat median unit price at $498,000 from 1,685 sales, followed by Perth at $441,000 from 220 sales.
<img alt="rpdatachartjuly29seven" height="281" width="470" src="/images/stories/2013/07/july29rpdata/rpdatachartjuly29seven.jpg">
<img alt="rpdatachartjuly29eight" height="218" width="470" src="/images/stories/2013/07/july29rpdata/rpdatachartjuly29eight.jpg">
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Darwin highest private treaty price in July at $630,000: RP Data

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A 24% slump in dwelling approvals and a 12% fall in detached housing approvals was recorded in Victoria in June with suggestions that changes to the first home buyer grant and stamp duty concessions may have resulted in some new housing developments being pushed back to await larger handouts.
The $7,000 first-home owner grant available for both new and existing homes was scrapped on June 30 and replaced with the $10,000 first-home owner grant only available for those buying or building a new home including those bought off-the plan. Stamp duty concessions for properties valued under $600,000 increased from 30% to 40% available to new and established homes.
The graph below shows how first-home owner applications for new homes has fallen as buyers awaited the bigger incentivew with the corresponding drop in approval numbers:
<img alt="building_approvals_westpac_chart" height="325" width="470" src="/images/stories/2013/larry_uploads/building_approvals_westpac_chart.jpg">
The slump in building approvals highlights how changes to first-home buyer grants can artificially shift the dynamics of a housing market, though it should be noted that in trend terms the Victorian unit market has been declining for 11 straight months - indicating a longer pattern of correction - while approvals for private sector houses rose 0.9% in June in trend terms and have risen for five months.
Westpac senior economist Matthew Hassan notes that excluding the Victorian figures, total dwelling approvals would have risen 0.7% with detached housing approvals up 3.4%.
“Some of this may be due to state government policy changes - in particular, some projects may have been delayed to take advantage of the first home buyer bonus for those buying newly built dwellings and a 10% increase in the stamp duty concession offered to first home buyers, both of which kicked in from July 1,” says Hassan.
There were more solid rises in dwelling approvals in NSW (+6.7%) and Qld (+7%) where a $15,000 first-home buyer incentives have been in place for some time.
Apart from Victoria, the other notable weakness in the data was the 12.2% decline in unit approvals over June.
While traditionally a more volatile sector, dependent on the timing of approvals for larger inner city developments, Hassan points out that when drilling down into the data, the decline was concentrated in medium to low rise rather than high rise - suggesting the fall does is not simply due to a 'lumpy' pipeline of large projects.
HIA senior economist, Shane Garrett, notes both trends in the building industry body’s downbeat response to the June figures.
“We continue to see weakness in segments of the market like multi-units as well as in regions like Victoria and Tasmania. As long as this weakness persists, there is no prospect of a broad-based recovery occurring,” warned Shane Garrett.
Commonwealth Bank economist Michael Workman says that despite the fall in June, the monthly average for approvals since the beginning of the year is still 13,300 approves, which annualises to 160,000 approvals – the bank’s target for 2013 approvals and construction.
Workman also notes that Victorian approvals are falling from previous highs, but more broadly says the current upswing in approvals, and construction, looks set to be “relatively mild compared to previous ones which came with considerably more stimulus to FHBs than the current cycle”.
But even this mild upswing should have some wider economic benefits.
“If maintained, it will be about a 10% increase in national approvals over 2013…which would add about 0.5 percentage points directly to GDP growth through higher construction.
“The big box retailers would then gain from selling more white goods, entertainment items, furniture, hardware and gardening gear,” he says.
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Change in first-home buyer grants a factor in Victorian dwelling approvals slump: Westpac

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Regardless of whether you view housing as overvalued or not, it is unlikely there will be sustained in growth in asset values above 7% per year over the next few years, says RBA governor Glenn Stevens.
In a speech to a luncheon in Sydney today, Stevens re-affirmed there was scope for further monetary policy easing if necessary, casting doubt over the progress of the economy transitioning from mining to non-mining sectors.
"In brief, business capital spending outside the resources sector has been subdued; housing investment likewise has been on the low side.
"There is ample scope for both to rise.
"This is by no means a certainty though and while there are signs of an increase in dwelling investment getting under way, a stronger trend in non-resources business investment looks like it is a while off yet," he said in a speech called 'Economic Policy after the Booms' to the Anika Foundation Luncheon.
He also highlighted the lower value of residential property today than during the GFC and that growth in asset values was unlikely to return to what it was before the financial crisis.
“One's assessment of prospects for consumption will be driven mainly by one's assessment of the outlook for income, but will also be affected by expectations about asset values and in particular one's view on whether housing prices are overvalued,” said Stevens.
“Those who think they are will be drawn to the conclusion that a number of additional years of flat or declining real per capita asset values lie ahead, for non-financial assets at least; those who are not so worried about housing prices may expect that stronger growth, in real per capita terms, might occur.
“Either way, however, it would seem unlikely that we could bank on a resumption of sustained growth in assets, in real per person terms, of 7% per year over the next few years.
“It follows that the saving rate is unlikely, any time soon, to decline back to where it was in 2005.”
The 7% figure relates to a chart included in the presentation showing trend growth for non-financial assets (the gold line) and the dip that has occured since the onset of the GFC:
<img src="/images/stories/2013/larry_uploads/RBA_chart.gif" width="470" height="381" alt="RBA_chart"> 
Stevens also highlighted that the RBA would be monitoring the changes in the make-up of investment portfolios in light of lower interest rates and the shift to riskier assets.
“One of the things we have been watching for as we have been reducing interest rates has been an indication of savers shifting portfolios towards some of the slightly more risky asset classes, as that is one of the expected and intended effects of monetary policy easing.
“There are clearly signs of policy working in this respect, though not, to date, by so much that we see a serious impediment to further easing, were that to be appropriate from an overall macroeconomic point of view.”
<a href="https://homeloans.propertyobserver.com.au/home-loans/?utm_source=Property+Observer+List&amp;utm_campaign=76e226e607-June_21_1_29_2013&amp;utm_medium=email&amp;utm_term=0_a523fbfccb-76e226e607-245347537" target="_blank"><img src="/images/stories/2013/08/homeloancomparison.jpg" width="399" height="110" alt="homeloancomparison"></a>
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RBA boss Glenn Stevens dampens expectations for strong house price growth

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Negotiations are well advanced between St Kevin's College and Coles for the school’s acquisition of 5.4 hectares of vacant land near the Tooronga Village in Glen Iris.
The college is keen to buy the land, fronting Crescent Road, reputedly for as much as $23 million, Property Observer understands.
It intends to use the existing open car park and vacant land for sports facilities - mainly ovals for soccer, hockey, Aussie rules football, tennis, cricket and athletics. A planning scheme amendment will be submitted to the council to get the ball rolling.
In 2011 Coles bought a 7.7 hectare parcel of land near its 800 Toorak Road head office from developer Stockland for residential and commercial development. The purchase price was undisclosed. The land is next door to the supermarket which it leases from Stockland.
Now, on a section of that land, the Coles group wants to build a multi-level car park connecting its store support centre to replace an existing open car park. A permit application has been lodged with the City of Boroondara.
Other parts of the Coles holding are set for purchase by the Christian Brothers school.
St Kevin's and the retailer recently held two resident information sessions to explain their proposals for the two separate developments. It’s believed 60 people attended the first session and 80 the second, with the mood said to be ‘’very positive’’.
Headmaster Stephen F Russell told parents in a newsletter the pending purchase would ‘’fulfil a decade-long aim of our strategic plan: to find suitable land to allow our sports and physical education programs to operate well’’.
‘’The college has been saving for some time in preparation for this opportunity. Along with borrowings we have plans to develop the site leading up to our centenary in 2018.
‘’We will need the support of our community, past, present and future, to accomplish this lofty and necessary ambition.’’
Russell says other primary schools and community groups would be welcome to use the proposed facilities when they are free.
About one hectare of the land will be left for public open space, including a terraced area near the Tooronga Village shopping centre. It will be enhanced by landscaped bicycle pathways with some land being transferred along the Gardiner’s Creek pathway.
The proposed sports fields are close to Tooronga station, making them ideal for rail commuters, the headmaster says.
It was in 2011 that Coles had bought back from Stockland - cut back to a 7.7-hectare slice of the former larger site it had sold to Stockland in 2004.
The sale, for an undisclosed sum, included what was to have been stages two, three, four and five of the controversial Tooronga apartment project.
At the time Coles was planning to build a mixed-use village on the land next door to the supermarket.
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St Kevin's College set to acquire Tooronga land from Coles for sporting fields 

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Building approvals for new houses and apartments fell 6.9% over June to 12,778 units on a seasonally adjusted basis according to the ABS - well below market expectations.
It follows a 1.1% fall in May, but a 9.1% rise in April.
ANZ had forecast a 4% monthly rise over June with the market tipping a more modest 2.5% gain.
"Low interest rates, strong population growth and pent-up demand are supporting a strengthening in housing activity in Australia and we expect this to continue," said ANZ ahead of the June numbers.
Approvals for private sector houses fell 1.2% over June to 7,926 dwellings, though still up 9.9% on figures from a year ago.
Approvals for private sector apartments - the more volatile of the two building sectors - fell 12.6% over June to 4,543 dwellings and down 37.4% compared with a year ago.
Despite the monthly fall, private sector house approvals are still trending up while unit approvals have flatlined:
<img src="/images/stories/2013/larry_uploads/bulding_approvals.jpg" width="470" height="181" alt="bulding_approvals">
<img alt="unit_approvals" height="204" width="470" src="/images/stories/2013/larry_uploads/unit_approvals.jpg">
Dwelling approvals increased in June in the Australian Capital Territory (2.7%), Western Australia (1.8%), New South Wales (1%), Tasmania (0.9%), South Australia (0.8%) and Queensland (0.1%) but decreased in the Northern Territory (-10.9%) and Victoria (-1.2%) in trend terms. In trend terms, approvals for private sector houses increased for the six consecutive month in June.
Of the states and territories, South Australia (2.6%), Western Australia (1.5%), New South Wales (1%) Victoria (0.9%) and Queensland (0.6%) all experienced rises in private sector house approvals.
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Building approvals disappoint with unexpected 6.9% fall in June

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Rents increased across Australia in May, according to research by rent.com.au.
Its latest report shows rents rose in most states, although NSW, ACT and NT rents remained steady, according to national services manager, David Berridge.
While median rents increased 5% to $419 per week in Queensland, properties leased 8% slower, taking an average of 28 days to find tenants.
“Queensland investors would finally be encouraged with the first significant gain in rents for the state since November 2012,” Berridge says.
While the data shows days on market increased 9% to 25 days in Western Australia, it is still the fastest letting period in the country. It positions WA as the most expensive state in which to rent, followed closely by the Northern Territory.
“The effects of the softening economy in Western Australia are yet to be seen in the rents being paid, with a 3% rise in the average median rent to $553 per week,” Berridge says.
Northern Territory rents stayed steady in May with a weekly median rent of $551, with days on market stretching out to 28 days - an 8% increase.
Victoria reversed its trend, regaining the 3% lost in April, so that renters are paying an average median rent of $383 per week in May. Average days on the market increased by 7% to 31 days.
Tasmanian rents lifted again in May with a 6% increase to $295 per week, with turnover slowing by 15% to 38 days.
New South Wales and the ACT both saw rents remain steady with median weekly rents of $480 and $471 respectively. Days to lease properties in the ACT increased by 13% to 35 days. NSW’s days on market increased slightly to 26 days.
South Australia’s investors also gained in May, with the weekly median rent rising 4% to $338 per week. Turnover slowed again by 11% to 31 days.
The local rent.com.au Rent Suburb Reports for the capital cities showed Darwin having the biggest rise of the capitals with its median rent increasing 7% to $600 per week, although this is still off from the December quarter high of $640.
Perth’s weekly median rent of $650 also sees it gain $25 per week from the December quarter median rent of $625 per week. Sydney at $720 per week has also shown a small rise of 3% in median rent since the December quarter.
All states saw days on market increase, ranging from 4% to 15%.
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Victorian landlords face 31 days on market searching for tenant: rent.com.au 

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Victorian planning minister Matthew Guy has approved plans for a 37-level hotel and residential development in the Digital Harbour precinct of Docklands.
The precinct takes in a block of land bounded by Dudley Street, Wurundjeri Way, LaTrobe Street and Harbour Esplanade, next to the NewQuay precinct of Docklands and the undeveloped E-Gate precinct.
The approved development at 238 Harbour Esplanade (pictured below) - on the corner of Dudley Street and Harbour Esplanade - will comprise 360 apartments, a 4.5 star 176 room hotel with a 200 seat restaurant, swimming pool, gym, conference centre and 255 car spaces.
<img alt="docklandsjuly30two" height="300" width="470" src="/images/stories/2013/07/docklandsjuly30two.jpg">
The complex has been designed by architects Moull Murray and will cost around $300 million.
Development rights for the 4.4 hectare northern precinct of Docklands were acquired by Digital Harbour (Holdings) in December 2000.
The Liberman family through its company JGL Investments is the major shareholder represented by Paul Abrahams, one of five directors representing the shareholders of Digital Harbour.
The other directors are Russell Nisbet, representing the shareholding of his family company Serene Gold, David Napier, representing the shareholding of his family company Forty First Natro: Michael Kohn representing the shareholding of his family company Mat-Tastic and Andrew Schwartz, a shareholder and one of the founders of real estate investment firm Qualitas.
Andrew Schwartz is the managing director of Digital Harbour.
A re-worked $1 billion master plan with a proposal for eight new buildings with a shift away from having a more commercial focus to a “village” feel with residential towers, shops and the now approved hotel development, was submitted in February.
An earlier master plan for the precinct approved by Matthew Guy in July 2011, indicated plans for a 34 level hotel and residential apartment tower.
Completed buildings include the Life.Lab building, at 198 Harbour Esplanade, completed in 20008, a strata titled building incorporating 60 office units, three home offices and 35 serviced apartments and three other commercial buildings.
Announcing approval of the development, the planning minister said it would add to the “high quality residential and hotel accommodation offered by Melbourne and is a huge boost for the northern end of the Docklands precinct”
“This proposal will complete the Dudley Street/Harbour Esplanade gateway of Docklands and build on the precinct’s services and public spaces in this growing neighbourhood.
“It reflects the next stage in the evolution of this waterfront precinct and reinforces its role as a place for economic investment, a tourist draw card and a great place to live.
“I have approved plans that will ensure the development meets high quality urban design standards including active street levels and an open space plaza which will link Docklands to E-Gate across Dudley Street.”
It follows yesterday’s announcement of an $18 million new park and community oval as part of stage one of a four part plans to improve community infrastructure in Docklands.
Located at the far end of Docklands Drive, close to the Bolte Beach, it will create a 3.7 kilometre running and walking track, comparable to the Royal Botanic Gardens’ ‘Tan’, which is 3.87 kilometres long.
Stage two will deliver new netball courts and barbeque facilities, stage three will see the private sector developing waterfront land parcels and stage four are plans to build a light weight, cycling and walking bridge across Victoria Harbour.
“The Coalition Government is serious about putting the community heart into Docklands, and nothing will better achieve this than the development  of open public spaces,” said Victorian premier Denis Napthine.
“The new Western Park is budgeted, planned and paid for and will commence construction within the next nine months. It will bring the western end of the Docklands precinct to life and turn unused, windswept space in to a  fantastic new sporting and community hub,” says Napthine.
Western Park will feature a football oval overlaid with two soccer pitches, a community pavilion for spectators, children’s playground and  new exercise circuit.
When finished, Docklands is expected to have attracted in excess of $17.5 billion of private investment and be home to an estimated 20,000 people with 60,000 resident workers.
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Matthew Guy approves 37-storey hotel and apartment tower at Digital Harbour in Docklands

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Investment properties require maintenance throughout every season, but especially winter.
LJ Hooker Mortdale suggest the coldest seasons creates unique challenges which can result in expensive repairs if not treated seriously.
<a href="https://twitter.com/ljhmortdale" target="_blank"><img src="/images/stories/2013/07/tweetofthedayjuly30.jpg" width="470" height="77" alt="tweetofthedayjuly30"></a>
LJ Hooker says that good maintenance includes:
<ul>
<li>
cleaning the gutters and repairing any damaged areas;
</li>
<li>
checking the roof for loose or broken tiles, broken ridge capping or loose flashing. (It may be nice to watch the rain pouring down outside during a winter storm, but the last thing a tenant wants to see is water dripping off the ceiling);
</li>
<li>
trimming any overgrown or overhanging branches and checking trees for stability, as fallen trees are a common cause of storm damage;
</li>
<li>
securely anchoring garden sheds and making sure fences are stable;
</li>
<li>
securing any awnings and shade cloth;
</li>
<li>
installing a surge protector with an automatic cut out facility. A protector can prevent electrical damage if lightning strikes during an electrical storm and help keep tenants safe.
</li>
</ul>
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Inaction may also result in the landlords losing a good tenant at the end of the lease, leaving them with the expense and loss of income

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Melbourne’s Collingwood is currently being overshadowed by the East-West link debacle but a $140 million development by Urban Inc has been launched, offering first homebuyers and investors a step into the inner city market.
Located at the junction of Stanley Street and Oxford Street, it is not affected by the current issues facing some residents.
<a href="https://www.oxleyapartments.com.au/" target="_blank">Oxley</a> (exterior pictured below) will comprise of 233 apartments and penthouses across four low-rise buildings; Tailor, Foy, Mason and Gibson.
<img src="/images/stories/2013/07/collingwoodjuly30one.jpg" width="470" height="586" alt="collingwoodjuly30one">
The buildings will be connected by two laneways.
“At 0.7%, Collingwood has the lowest vacancy rates in Melbourne,” says Urban Inc director Tim Gurner.
“Oxley is one of the most significant projects to be developed in the area for some time, especially within such a significant heritage precinct,” says Gurner.
Oxley has already sold 190 apartments through VIP clients and networking.
Tailor will feature 59 one- and two-bedroom apartments across eight levels and Foy will feature 55 one- and two-bedroom apartments across seven levels.
Mason will include 68 one- and two-bedroom apartments across nine levels and Gibson will feature 51 one-bedroom apartments across four levels.
Apartments range in size from 54 square metres to 93 square metres.
One-bedroom apartments are priced from $330,000 and two-bedroom apartments are priced from $485,000.
Two-bedroom penthouses start from $590,000.
Designed by Elenberg Fraser, the development will feature vertical gardens, climbing vines, indigenous planting, courtyards and winter gardens.
A sky terrace will be located on level four and will feature a swimming pool and BBQ area.
Apartments will be framed by industrial-style material and neutral colours, with a choice of a light modern scheme or a dark polished scheme.
Purchasers can upgrade to the Oxley industrial scheme, which features Miele appliances, polished concrete, natural stone and industrial stainless steel finishes.
“Purchasers have obviously been attracted to the unique attributes of living in one of only four boutique buildings with access to amenities usually only available in larger projects,” says Gurner.
Director of Elenberg, Fraser Callum Fraser says the material used in Oxley is derived from the area’s manufacturing past.
“Oxley will be part of the local fabric, and is integrated and sympathetic to the broader community.
“It’s a model for urban renewal that doesn’t drive young people out of the central city environment,” says Fraser.
There will also be three retail spaces in the development, totaling 300 square metres.
Construction is scheduled to commence late 2013, with a scheduled completion date of mid-2015.
The median apartment price in <a target="_blank" href="/news">Collingwood</a> is $520,000, a 12.5% change in five years, according to RP Data.
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